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Wall Street sinks as US stocks fall toward their worst day in a month
U.S. stocks fell Friday, with the S&P 500 down 0.7% after record highs. August still marks its fourth straight month of gains.
Key US inflation gauge holds mostly steady though core inflation ticks higher
The Fed’s preferred inflation gauge held at 2.6% in July, though core inflation ticked up, keeping rates steady despite Trump’s tariffs.
Stocks slip on Wall Street after record highs
U.S. stocks fell Friday, with the S&P 500 down 0.7% after record highs. August still marks its fourth straight month of gains.
Powell signals possible Fed rate cut, faces Trump pressure
Powell signals Fed could cut rates by September, balancing inflation and growth risks amid Trump pressure.
Powell signals Fed may cut rates soon even as inflation risks remain
Fed Chair Jerome Powell said a rate cut may come in the months ahead but gave no timing, citing risks from both inflation and unemployment.
Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
WASHINGTON (AP) — Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting and said the job market was “solid.” His assessment was important because if the job market is healthy, there is less need for the Fed to […]
Wall Street holds near its record heights
Stocks hovered near record highs Monday as investors awaited Fed Chair Jerome Powell’s speech and key earnings from Walmart, Target and Home Depot.
US stocks drift around their record heights as Wall Street braces for an update on inflation
U.S. stocks edge lower as investors await July inflation data, with fears Trump’s tariffs could spark stagflation and sway Fed rate cuts.
Trump imposes 100% tariff on imported computer chips
WASHINGTON (AP) — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age. “We’ll be putting a tariff of approximately 100% on chips and semiconductors,” Trump said in the […]
Trump calls on the Federal Reserve board to take full control of the central bank from Powell
Trump calls Fed Chair Powell “stubborn” and urges the Fed board to take control and slash interest rates amid a slowing U.S. economy and rising inflation.
Northern Va. Chamber unveils road map to reinvent economy
The Northern Virginia Chamber of Commerce on Monday released a road map on reinventing the region's economy.
US stocks drift after an encouraging report on inflation
NEW YORK (AP) — U.S. stock indexes are drifting around their record levels on Wednesday following a better-than-expected update on inflation across the country. The S&P 500 was virtually unchanged in early trading and just below its all-time high set last week. The Dow Jones Industrial Average was up 62 points, or 0.1%, as of 10 a.m. […]
